Opening the door to new cooperation for Vietnamese and Hong Kong (China) enterprises

Fri, 03 Oct 2025 09:14:00  |  Print  |  Email   Share:

Vietnamese and Hong Kong (China) business cooperation is opening up many strategic directions in the fields of green finance, innovation and sustainable development.

Leaders of the Vietnam Chamber of Commerce and Industry (VCCI) work with leaders of the Federation of Hong Kong Industries (FHKI) and the Hong Kong Association of Banks (HKAB)

Speaking at the meeting between leaders of the Vietnam Chamber of Commerce and Industry (VCCI) and the Federation of Hong Kong Industries (FHKI) and the Hong Kong Association of Banks (HKAB), Mr. Anthony Lam, Chairman of FHKI, emphasized: “When the industry needs innovative financial solutions, and the financial sector is looking for high-quality real economic projects, Hong Kong is uniquely positioned to connect these two sectors, and Vietnam is a partner for that cooperation."

According to a survey by FHKI, about 45% of KHKI members are operating in the ASEAN region, and of those, 61% are present in Vietnam. This shows that Vietnam is a top destination for the Hong Kong business community.

In particular, Hong Kong businesses not only see Vietnam as a manufacturing hub, but also as a potential consumer market.

This belief is reinforced by the “Made by Hong Kong” report, which shows that more than 80% of Hong Kong industrial enterprises surveyed expect to increase investment in ASEAN countries, especially Vietnam, thanks to competitive operating costs, a thriving young consumer market, and a network of free trade agreements that facilitate access to global markets...

Therefore, Mr. Lam proposed three strategic cooperation directions for the business community in the coming time, including:

First, upgrading the supply chain through smart manufacturing, industrial digitalization and strict international standards.

 

VCCI Chairman Pham Tan Cong speaks at the meeting

Second, finance for growth. According to the FHKI Chairman, with its deep and liquid capital market, strengths in trade finance, services, risk management and sustainable finance, Hong Kong can provide resources to promote expansion, diversification and emission reduction in Vietnam's manufacturing and logistics sectors.

Third, innovation and talent development. By connecting Vietnam's excellent engineering human resources with Hong Kong's world-class R&D institutions, strong intellectual property protection mechanisms and dense venture capital networks, businesses on both sides can create a strong innovation ecosystem, bringing pioneering technologies from the lab to the global market.

Sharing the same view, in particular, Ms. Mary Huen, Chairman of HKAB said: “Some of our partners are interested in green finance, which is a potential cooperation opportunity between the business communities of both sides. In addition, topics such as cross-border cooperation or fintech are also worth discussing in the coming time.”

 

VCCI Chairman Pham Tan Cong receives a souvenir from Ms. Mary Huen, Chairman of HKAB

Listening to the proposals from Hong Kong businesses, Mr. Pham Tan Cong, Chairman of VCCI affirmed: “Hong Kong is one of the leading international financial and trade centers and has always been an important economic partner of Vietnam in the region.”

According to the Chairman of VCCI, Hong Kong, with its modern financial system, standard legal system and global network, can absolutely become a “launch pad” for Vietnamese businesses to expand into the international market. In contrast, Vietnam, with a market of more than 100 million people and an increasingly improving investment environment, is an attractive destination for Hong Kong businesses looking to diversify their supply chains and markets.

"With the spirit of open cooperation, international experience from Hong Kong and the dynamism of Vietnamese enterprises, I believe that the two sides can build substantive, sustainable and effective long-term cooperative relationships," the VCCI Chairman emphasized, and pledged that VCCI will continue to be a reliable bridge, supporting Hong Kong enterprises to access policies, remove difficulties and promote the implementation of cooperation projects in the coming time, especially in key areas such as green finance, technological innovation and development of high-quality human resources.

 

From left to right: Mr. Anthony Lam, Chairman of the Federation of Hong Kong Industries (FHKI), Chairman of VCCI Pham Tan Cong and Ms. Mary Huen, Chairman of the Hong Kong Association of Banks (HKAB)

Data from the General Department of Customs shows that in the first 6 months of 2025, bilateral trade turnover between the two sides reached 8.16 billion USD, up 22.8% over the same period last year. Of which, Vietnam's exports reached 7.5 billion USD, and imports from Hong Kong reached more than 500 million USD. In terms of investment, Hong Kong is currently the 7th largest foreign investor in Vietnam with 239 newly licensed projects, with a total investment capital exceeding 1.2 billion USD.

 

 

By: Cam Anh (Business Forum Magazine)/Translator: LeAnh-Bizic

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